Why are people against 529 plan

来源: mm48 于 2010-02-25 09:03:02 [] [旧帖] [给我悄悄话] 阅读数 : (535 bytes)
本帖于 2010-02-25 10:49:42 时间, 由普通用户 laoyangdelp 编辑

I started investing in 529 in November 2002, $700 per month. after 7 years and 3 month (87 month, total investment = 87 * 700 = 60900), I have about $80,000 in the account. The return is:

(80000 - 60900) / 60900 = 31.36%

While in the same period, Dow Jones went from 8500 to about 10000, or 17.64%.

The gain in 529 is also tax free, which means almost doubling the gain on pre tax basis.

I wish that I had more money to put into it, but that was the best I could do.

I am satisfied with my 529 plan

所有跟帖： 

• Is it california plan? or any other state plan? That sounds good -CrystalWater- ♀ 给 CrystalWater 发送悄悄话 CrystalWater 的博客首页 (0 bytes) () 02/25/2010 postreply 09:09:08

• California plan. It is state tax free too -mm48- ♂ 给 mm48 发送悄悄话 (0 bytes) () 02/25/2010 postreply 09:41:18

• It's not that bad if you're sure that you'll have to pay -sunskitehomes- ♂ 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (416 bytes) () 02/25/2010 postreply 09:09:13

• I am 99.9999% sure that I have to pay for college -mm48- ♂ 给 mm48 发送悄悄话 (310 bytes) () 02/25/2010 postreply 09:44:06

• How about that: You bought a lottery and you won, -Morning3evening4- ♂ 给 Morning3evening4 发送悄悄话 Morning3evening4 的博客首页 (268 bytes) () 02/25/2010 postreply 09:18:38

• Is this logical? -mm48- ♂ 给 mm48 发送悄悄话 (608 bytes) () 02/25/2010 postreply 09:36:55

• No, but you basically used the same logic in your original post. -Morning3evening4- ♂ 给 Morning3evening4 发送悄悄话 Morning3evening4 的博客首页 (94 bytes) () 02/25/2010 postreply 10:47:17

• what investment did you have in your 529 plan? -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (174 bytes) () 02/25/2010 postreply 09:27:32

• IRA and Roth IRA quickly phase out due to income limit -mm48- ♂ 给 mm48 发送悄悄话 (321 bytes) () 02/25/2010 postreply 09:39:53

• 529没有investment limit？在加州吧？ -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (63 bytes) () 02/25/2010 postreply 09:43:46

• bingo! 所见略同 ：） -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (0 bytes) () 02/25/2010 postreply 09:46:35

• It had some kind limit as $200K a year. -mm48- ♂ 给 mm48 发送悄悄话 (395 bytes) () 02/25/2010 postreply 09:48:33

• 我怎么记得529每个孩子每年只有2000 -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (0 bytes) () 02/25/2010 postreply 09:51:35

• 2 x $5000 = $10000 for non-deductible IRA -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (114 bytes) () 02/25/2010 postreply 09:52:04

• I could do $200K a year if I am rich enough -mm48- ♂ 给 mm48 发送悄悄话 (71 bytes) () 02/25/2010 postreply 09:54:49

• there is a limit of 320k for entire plan. if you do 200k/year -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (39 bytes) () 02/25/2010 postreply 10:03:59

• right:) -mm48- ♂ 给 mm48 发送悄悄话 (46 bytes) () 02/25/2010 postreply 10:34:01

• I thought California 529 plan does NOT save state tax -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (132 bytes) () 02/25/2010 postreply 09:44:19

• That was change about two years ago. -mm48- ♂ 给 mm48 发送悄悄话 (144 bytes) () 02/25/2010 postreply 09:50:32

• Thanks! That's good to know -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (0 bytes) () 02/25/2010 postreply 09:54:29

• Traditional IRA phase out not important -sunskitehomes- ♂ 给 sunskitehomes 发送悄悄话 sunskitehomes 的博客首页 (369 bytes) () 02/25/2010 postreply 10:29:27

• Is it counted as parent assets? -mm48- ♂ 给 mm48 发送悄悄话 (0 bytes) () 02/25/2010 postreply 10:33:11

• it's counted as parents' total assets but not the assets for edu -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (0 bytes) () 02/25/2010 postreply 10:37:06

• but not counted as the assets for education purposes -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (0 bytes) () 02/25/2010 postreply 10:38:08

• Then is it the same as 529 plan? -mm48- ♂ 给 mm48 发送悄悄话 (570 bytes) () 02/25/2010 postreply 10:40:31

• 只省州税吧 -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (61 bytes) () 02/25/2010 postreply 09:40:30

• 加州好像连州税都不能省 -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (0 bytes) () 02/25/2010 postreply 09:45:30

• 这个我就不知道了，好像都省州税的，加州例外？ -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (0 bytes) () 02/25/2010 postreply 09:49:56

• for contribution, 加州连州税都不能省 -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (173 bytes) () 02/25/2010 postreply 10:02:46

• 噢，加州挣得多，就别计较了 -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (35 bytes) () 02/25/2010 postreply 10:04:40

• both Fed and state tax are free, check their web page -mm48- ♂ 给 mm48 发送悄悄话 (130 bytes) () 02/25/2010 postreply 09:53:27

• I see. You are talking about distribution -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (52 bytes) () 02/25/2010 postreply 09:55:36

• Not state tax free！ -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (213 bytes) () 02/25/2010 postreply 10:01:07

• of cource, that means the contribution is after tax -mm48- ♂ 给 mm48 发送悄悄话 (105 bytes) () 02/25/2010 postreply 10:04:27

• it's a trade off -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (260 bytes) () 02/25/2010 postreply 10:08:25

• True -mm48- ♂ 给 mm48 发送悄悄话 (202 bytes) () 02/25/2010 postreply 10:10:47

• starting 2010.. 哪里说了今年是唯一的一年？ -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (0 bytes) () 02/25/2010 postreply 10:12:15

• 2010 is the only year with no income limit -mm48- ♂ 给 mm48 发送悄悄话 (0 bytes) () 02/25/2010 postreply 10:22:34

• wrong. starting 2010, no limit on Roth conversion. -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (0 bytes) () 02/25/2010 postreply 10:23:44

• you are right. my mistake -mm48- ♂ 给 mm48 发送悄悄话 (95 bytes) () 02/25/2010 postreply 10:32:12

• 还有一条很重要 -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (59 bytes) () 02/25/2010 postreply 10:10:50

• CO：这条很重要 -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (53 bytes) () 02/25/2010 postreply 10:12:57

• Does any family in Bay Area expect financial aid at all? -mm48- ♂ 给 mm48 发送悄悄话 (86 bytes) () 02/25/2010 postreply 10:16:15

• 谁能知道未来？ -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (161 bytes) () 02/25/2010 postreply 10:19:47

• 咱俩这么志同道合，握手握手 -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (28 bytes) () 02/25/2010 postreply 10:24:01

• 529 is considered as parent's asset -mm48- ♂ 给 mm48 发送悄悄话 (120 bytes) () 02/25/2010 postreply 10:28:46

• how easy is it to withdraw before college? -美西游子- ♀ 给 美西游子 发送悄悄话 美西游子 的博客首页 (0 bytes) () 02/25/2010 postreply 10:58:08

• you never know what's going to happen in the future -H&CMom- ♀ 给 H&CMom 发送悄悄话 H&CMom 的博客首页 (72 bytes) () 02/25/2010 postreply 10:21:05

• 怎么咱俩总是想到一块儿去了：） -laoyangdelp- ♀ 给 laoyangdelp 发送悄悄话 laoyangdelp 的博客首页 (0 bytes) () 02/25/2010 postreply 10:24:52

• Oh, I believe that I do need financial aid -mm48- ♂ 给 mm48 发送悄悄话 (295 bytes) () 02/25/2010 postreply 10:26:14

• very constructive discussion! 建议版主置顶. -美西游子- ♀ 给 美西游子 发送悄悄话 美西游子 的博客首页 (0 bytes) () 02/25/2010 postreply 10:44:41

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